Examlex
When members of Congress gather information about the bureaucracy by holding hearings and questioning bureaucrats, they are engaged in ________.
Strict Preference
An economic term indicating a consumer's stronger liking for one option over another, with no indifference between the two.
Convex Preferences
In consumer theory, a situation where the consumer prefers an average of two goods or bundles to either one of the extremes, indicating a desire for diversified choices.
Midterm Examinations
Exams given roughly halfway through an academic term to assess students' understanding of the course material.
Centered
In statistics, adjusting data values by subtracting the mean of the data set from each value to have an average of zero.
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